Which of the following statements explains the situation when the United States consistently has a large current account deficit over time?
a. The United States exports a larger amount of goods and services than it imports.
b. The United States sends more capital abroad than it receives from abroad.
c. The United States receives more transfers from abroad than it sends abroad.
d. The United States sells more assets to foreigners than it purchases from foreigners.
d. The United States sells more assets to foreigners than it purchases from foreigners.
You might also like to view...
Who faces trade-offs?
A) individuals B) households C) governments D) all of the above
(Long run) average cost curves are U-shaped when the production technology has increasing returns to scale and the firm faces recurring fixed costs.
Answer the following statement true (T) or false (F)
A tax on buyers decreases the quantity of the good sold in the market
a. True b. False Indicate whether the statement is true or false
Monopolistic competition and perfect competition differ because
A) only monopolistically competitive firms will set MR = MC. B) only perfectly competitive firms will set MR = MC. C) only monopolistic competition allows for entry of other firms in the long run. D) only competitive firms take the price as given.